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Oct 26. 2022
The acquisition will provide talent and intellectual property to improve Trailstone’s existing services and accelerate the development of new service lines.
London, UK, October 25, 2022 — Trailstone, a global energy and technology company, announced today that it has acquired meteo*swift, a leading renewable power forecasting company. meteo*swift’s award-winning team of experts will join Trailstone to help accelerate the development of Trailstone’s AI and machine learning capabilities to better predict renewable power production and market conditions.
“We are delighted to welcome the meteo*swift team to Trailstone. Combining their best-in-class forecasting capabilities and AI/ML platform with our global energy market expertise will improve the quality of Trailstone’s services for our existing customers and facilitate our expansion into new markets.” said John Redpath, CEO of Trailstone.
“I am extremely proud of our team’s growth and market-leading position. Joining Trailstone is an exciting opportunity to leverage our capabilities as part of a larger and better-resourced team with complementary skills and a shared vision.” said Morgane Barthod, Founder and CEO of meteo*swift.
Trailstone plans to maintain meteo*swift’s office in Grenoble. While Trailstone has operated in the French power market for several years, this will be Trailstone’s first office in France. Earlier this year, Trailstone announced another expansion of its geographic footprint with the opening of an office in Sligo, Ireland.
Trailstone is a global renewable energy trading and asset management firm that provides risk management and energy optimization to improve production and financial returns. The company offers a fully automated end-to-end renewable power management platform, backed by a successful track record in energy trading. Trailstone’s proprietary technology leverages data analytics and meteorology to offer robust modeling, forecasting and trading capabilities to its clients. Trailstone was founded in April 2013. To date, Trailstone has helped optimize more than 15,000 unique MWs of renewable energy assets and operates in 15 countries. Learn more at www.trailstonegroup.com.
meteo*swift is a leading provider of wind and solar power forecasting for power producers, energy traders, grid operators, and microgrids in Europe and across the globe. With a portfolio of over 8 GW of renewable assets across more than 15 countries, meteo*swift combines a cutting-edge AI modeling platform with state-of-the-art weather data to deliver ultra-accurate renewable energy generation forecasts. With its headquarters in Grenoble, the innovation capital of the Alps, meteo*swift has forged strong relationships with local universities and takes pride in its scientific approach to solving renewable energy challenges. Learn more at https://www.meteoswift.fr/.
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